Wednesday, July 21, 2010

FKLI Failed To Continue Up

Date of entry: 19 July 2010
Reverse To Long FKLI
The moment I was stopped out, I added to long 2 more contracts at 1340.

Date of exit: 21 July 2010
FKLI Failed To Continue Up
I shorted to close the position at 1341 with break even. The price opened high but failed to follow through and also it hit the recent high of 1347.5 which is the resistant for the moment.


  1. Hi Abel,
    I think your strategy need to factor in more variables like wave theory,MA,divergence/convergence and also support/resistance. Just a small bite of advices.

  2. Hi ahyan77,
    Thank you so much for your recommendation. I will look into it and check out based on the history data and see how I could integrate them into my trading method.

    Thanks again.


  3. Hi,

    My personal view, we should continue to buy FKLI as long as it dont break 1337. We must also look at US Index, as long as it din break 10000 psychological sppt, I suggest to hold LONG position.